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I deeply beleive the guy who brought the idea of martingale in forex was a guy who was working in market maker broker.That's the smartest strategy they could find to swallow your account in 1 single day... 100% sure, they will wipe out you ^^

CrazyTrader posted:I deeply beleive the guy who brought the idea of martingale in forex was a guy who was working in market maker broker.That's the smartest strategy they could find to swallow your account in 1 single day... 100% sure, they will wipe out you ^^

@CrazyTraderIt was a guy named Martin Gale :) He was not working at any brokerage:) You have to learn a lot yet.

Please make an effort to understand what I mean... Martingale was for example used for casino purpose... If you have unlimited money in your pocket then in casino, you would beat the bank for sure at some point... that's maths.That's why they have restricted the amount you could bet at once, in order to break the martingale.

I'm saying, one guy, one day, came into forex and spread the word about using martingale for forex... and It has converted many traders to use it. It's just a trap especially for marker maker broker has they are betting against you.

Now, if martingale was use into trend direction, then martingale would be a winning strategy.As you said, martingale is the way to re open while doubling the trade size... it means, you have lost... It make sens that you are probably fighting against the trend!

If logical things aren't clear for you... sorry I can't help.

By the way, I say it again, beleive the trend, buy UsdJpy... target 116, add to winning trades, and tripple ypur account within 2 weeks.

UsdJpy has risen more than 100 pips since yesterday call.... beleive the power of the trend. This is forex.

CrazyTrader posted:Please make an effort to understand what I mean... Martingale was for example used for casino purpose... If you have unlimited money in your pocket then in casino, you would beat the bank for sure at some point... that's maths.That's why they have restricted the amount you could bet at once, in order to break the martingale.

I'm saying, one guy, one day, came into forex and spread the word about using martingale for forex... and It has converted many traders to use it. It's just a trap especially for marker maker broker has they are betting against you.

Now, if martingale was use into trend direction, then martingale would be a winning strategy.As you said, martingale is the way to re open while doubling the trade size... it means, you have lost... It make sens that you are probably fighting against the trend!

If logical things aren't clear for you... sorry I can't help.

By the way, I say it again, beleive the trend, buy UsdJpy... target 116, add to winning trades, and tripple ypur account within 2 weeks.

UsdJpy has risen more than 100 pips since yesterday call.... beleive the power of the trend. This is forex.

@CrazyTraderYou are off topic.Trade direction entry - for example by following the trend has nothing to do with martingale.Martingale just defines trade size, nothing else.

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